Coburg North

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A freehold industrial food manufacturing site in Coburg North has sold for $2,090,000, representing a building rate of $1,104 per square metre.
John Nockles and Craig McKellar, from CVA Property, had the listing.
CCC Operations Pty Ltd have been in occupation of the Hocking Street premises since 2014 and have recently renewed the lease, which represents a 7.35% yield on the recent sale price.
In addition, the tenant occupies the neighbouring building directly behind this premises.
They currently own and manufacture product lines for Ernest Hiller and Newman's and manufacture their chocolate products that have been produced for over 100 years.
The campaign attracted over 50 enquiries over its 8-week campaign with both interstate and Victorian investors participating.
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Coburg North food manufacturing site sold for $2 million

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A two bedroom two bathroom Coburg North townhouse has been sold by the mortgagee.
Located at <a href="https://www.realestate.com.au/property-townhouse-vic-coburg+north-130196246" target="_blank">15 Camera Walk</a>, the home sold at auction on February 2.
It sold for $596,000.
Joseph Sassine of Jason Real Estate - Glenroy held the listing.
Set on 139 sqm the home came with an indicative price range of $580,000 to $610,000.
The two storey townhouse sold at a price increase of $71,000 since its 2014 sale price of $525,000.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a home in <a href="https://www.urban.com.au/news/10598-coburg-north-vic" target="_blank">Coburg North</a> is $828,000, according to CoreLogic, which calculate its annual change in median price over the past 10 years as 5.4%.
It is not the only home in Coburg north up for sale by its mortgagee, so too is <a href="https://www.realestate.com.au/property-house-vic-coburg+north-127651910" target="_blank">10 De Chene Parade</a>.
This five bedroom house has remained on market for just shy of a year and it's current price guide is $1.4 million to $1.5 million.
Reduced from a price guide of $2.2 million to $2.4 million.
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Mortgagee's Coburg North townhouse sold at auction

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A 50 year old suburban Melbourne drive-in theatre - one of the last - has been sold for around $12.5 million, exceeding its price expectations of $11 million-plus.
Coburg Drive-In located at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-coburg+north-502955310" target="_blank">155 Newlands Road, Coburg North</a> is a 8.16ha site.
The owner of the drive-in — Village Roadshow Theatres Pty Ltd, a subsidiary of the ASX-listed Village Roadshow Limited — will lease it back for an initial 10-year term on a triple-net basis.
It has been bought by Charter Hall.
The site was marketed as "the last essentially undeveloped parcel of significant scale in Melbourne’s inner north.”
Located on Newlands Road, Coburg North, the drive-in has been operating since 1965 and has three screens — one each on the south-western, north-western and north-eastern points of the site.
At 33m wide each and overlooking an asphalt viewing area of 36,000sqm, the screens are up for debate as the biggest in the southern hemisphere.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/14/Coburg%202.jpg" alt="">
A single-level retro-style diner and children’s playground are located centrally and the drive-in's ticket booth — topped by an old yellow Holden — is a local landmark.
Victorian Heritage describes it as “one of three (drive-ins) that remain in operation in Victoria out of approximately 60 at the height of drive-in popularity”.
 
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1960s suburban Melbourne, Coburg drive-in theatre sold for $12.5 million

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A 50 year old suburban Melbourne drive-in theatre is on the market through JLL with price expectations of $11 million-plus.
Coburg Drive-In located at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-coburg+north-502955310" target="_blank">155 Newlands Road, Coburg North</a> is being offered via public tender by JLL’s Tony Iuliano, Adrian Rowse and Brad Esler.
It is set on a 8.16ha site.
“The owner of the drive-in — Village Roadshow Theatres Pty Ltd, a subsidiary of the ASX-listed Village Roadshow Limited — will lease it back for an initial 10-year term on a triple-net basis,” Mr Iuliano said.
He said the site represents "the last essentially undeveloped parcel of significant scale in Melbourne’s inner north.”
Located on Newlands Road, Coburg North, the drive-in has been operating since 1965 and has three screens — one each on the south-western, north-western and north-eastern points of the site.
At 33m wide each and overlooking an asphalt viewing area of 36,000sqm, the screens are up for debate as the biggest in the southern hemisphere.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/9/14/Coburg%202.jpg" alt="">
A single-level retro-style diner and children’s playground are located centrally and the drive-in's ticket booth — topped by an old yellow Holden — is a local landmark.
Mr Iuliano said there had already been overwhelming interest in the site since the marketing campaign was launched on September 13. Most inquiries were coming from prospective buyers nationally.
"Given the high underlying land value component, the sale price could go a lot higher,” he said.
Mr Rowse said “There are plenty of future options for the Industrial 1-zoned site and it’s also likely to suit an e-commerce user, subject to council approval."
The property benefits has access to major road infrastructure, including the Western and Metropolitan ring roads, as well as Melbourne’s CBD, Port of Melbourne and Essendon and Melbourne airports.
The public tender period for <a href="https://www.realcommercial.com.au/property-industrial+warehouse-vic-coburg+north-502955310" target="_blank">155 Newlands Road, Coburg North</a>, closes at 4pm on Wednesday, October 17, 2018.
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1960s suburban Melbourne, Coburg drive-in theatre for sale

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A Coburg North five bedrooms house has been offered for sale by mortgagees with a price guide between $1.5 million to $1.6 million.
Reduced from a price guide of $2.2 million to 2.4 million less than a year ago.
The North Melbourne home at <a href="https://www.realestate.com.au/property-house-vic-coburg+north-127651910" target="_blank">10 De Chene Parade, Coburg North</a> comes with open plan living, four bedrooms with potential for 5th or an office, kitchen with marble counter and five car garage.
Other features include heated pool, spa, ducted cooling &amp; heating, ducted vacuum and built-in speaker system throughout.
The home last sold for $170,000 in 1999.
It is less than 10km to the CBD and with easy access to Merri Creek Parklands.
The suburb's median house price sits at <a href="https://www.urban.com.au/expert-insights/finance/10598-coburg-north-vic" target="_blank">$803,000</a>, according to CoreLogic. 
 
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